The data supporting the results supplied the paper "Free Lunches with Vanishing Risks Most Likely Exist" are given in this data repository.

File Name					Description
FLVR_Backtests.py				A Python file, that can be run in Spyder, which takes the csv file "DiscountedStockIndex.csv" as input and outputs the csv file "FLVR_Backtests_DiscountedStockIndex.csv" containing the amount of the free lunch (Column "FLVR(i j)") and the maximum hedge error (Column "max |C(i j)|").
FLVR_Backtests_With_Transaction_Costs.py	A Python file, similar to "FLVR_Backtests.py", which also allows for transaction costs, as a proportion of turnover, in the backtest results.
DiscountedStockIndex.csv			A sample data file used as input for the above two Python files; ideally the data file would be constructed using actual stock index and interest rate data.